Eos Energy Enterprises, Inc.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Eos Energy is the subject of a report published by Iceberg Research on January 14, 2021. The report, titled “Eos Energy ($EOSE): Fake Customers Won’t Recharge a Dead Battery,” alleges that the Company suffers from “failed technology and dubious customers.” The report states that “the disclosed customers are extremely unlikely to have the financial ability to honour their contracts,” and “estimate[s] that EOS’ equity is worth only $144M . . . which represents a 90% downside from its current market cap of $1.5B.” Based on this news, shares of Eos Energy fell by more than 13.5% on the same day.

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Tyson Foods, Inc.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The New York City Comptroller called on the SEC to investigate Tyson on December 15, 2020. According to the Comptroller, the Company spread “materially false or misleading information regarding Tyson’s response to the global COVID-19 pandemic and the resulting risk factors.” In a statement, the Comptroller added, “There is human cost to Tyson’s failures – preventable deaths, hospitalizations and sick workers. These failures have material impacts on its business operations that carry serious risks for shareholders.” Based on this news, shares of Tyson dropped by 2.5% on the same day.

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Exxon Mobil Corporation

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Exxon is the subject of a Wall Street Journal article published on January 15, 2021, titled, “Exxon Draws SEC Probe Over Permian Basin Asset Valuation.” According to the article, the SEC is probing the Company following a whistleblower complaint. The complaint alleged that the Company forced employees working on an internal assessment to use unrealistic assumptions about how quickly its wells in the Permian Basin could be drilled to achieve a higher valuation. According to the complaint, at least one employee who complained about using the unrealistic assumptions was then fired. Based on this news, shares of Exxon dropped by more than 4.8% on the same day.

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Genfit SA

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Genfit announced on February 22, 2020, that it had suffered a delay in releasing the topline interim results from its RESOLVE-IT study. The Company claimed the delay was “to incorporate the latest FDA insights expected by the end of March” and that “this decision has been taken to ensure that the latest thinking in the NASH field is properly captured so the Company can optimize elafibranor’s NDA dossier at the time of submission.” Based on this news, shares of Genfit fell by nearly 6% on February 24, 2020.

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Lyra Therapeutics, Inc.

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Lyra Therapeutics, Inc. (“Lyra” or “the Company”) (NASDAQ: LYRA) for violations of the securities laws.

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Magnite, Inc.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Magnite is the subject of a research report released by Spruce Point Management on January 7, 2021. Spruce Point Management alleges that Telaria suffered from business woes before its merger with Rubicon, which formed Magnite. Rubicon allegedly also suffered from deep business problems prior to the merger. The report also alleges discrepancies in Telaria’s 2019 Capital Expenditures and the removal of $9.3 million in “Other Assets” by Magnite after the merger. The report alleges that Magnite utilized questionable financial reporting methods to hide Telaria’s financial problems. Based on this news, shares of Magnite dropped by more than 6% on the same day.

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Harbor Custom Development, Inc.

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Harbor Custom Development, Inc. (“Harbor” or “the Company”) (NASDAQ: HCDI) for violations of the securities laws.

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Vitru Limited

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Vitru Limited (“Vitru” or “the Company”) (NASDAQ: VTRU) for violations of the securities laws.

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Zhongchao Inc.

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Zhongchao Inc. (“Zhongchao” or “the Company”) (NASDAQ: ZCMD) for violations of the securities laws.

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uCloudlink Group Inc.

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of uCloudlink Group Inc. (“uCloudlink” or “the Company”) (NASDAQ: UCL) for violations of the securities laws.

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